Saratoga Research & Investment Management Lowers Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Saratoga Research & Investment Management lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516,906 shares of the transportation company's stock after selling 27,848 shares during the period. C.H. Robinson Worldwide comprises about 2.5% of Saratoga Research & Investment Management's investment portfolio, making the stock its 17th biggest holding. Saratoga Research & Investment Management owned approximately 0.44% of C.H. Robinson Worldwide worth $57,051,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Quarry LP increased its position in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares during the period. Eastern Bank bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $55,000. Finally, EdgeRock Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $62,000. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $118.00 to $130.00 in a report on Monday. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. TD Cowen upped their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, Citigroup downgraded shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and an average price target of $109.13.

C.H. Robinson Worldwide Stock Up 4.5 %

CHRW stock traded up $4.93 during midday trading on Thursday, hitting $114.06. The company's stock had a trading volume of 2,392,247 shares, compared to its average volume of 1,505,427. The company has a market cap of $13.48 billion, a PE ratio of 37.76, a P/E/G ratio of 1.21 and a beta of 0.83. The firm's 50-day moving average is $107.82 and its 200-day moving average is $99.13. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.68. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the company earned $0.84 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.